Key Market Indicators
By 2028, Ukraine's gas turbine imports are projected to reach approximately $44.8 million, a slight increase from the $43.3 million estimated for 2023. This marks an average annual growth rate of 0.5%. However, it's important to note that since 2001, the country's demand for gas turbines has decreased by an average of 1.6% each year. In contrast, Ukraine's gas turbine exports are expected to decline significantly. From an estimated $222.8 million in 2023, exports are projected to plummet to around $110.8 million by 2028. This represents an average annual decrease of 11.1%. Historically, the supply has decreased by 5.8% per year since 2001. In 2023, Ukraine ranked 32nd globally in gas turbine exports, with Malaysia surpassing it at the same export value of $222.8 million. Leading the rankings were France, Singapore, and Germany, holding the second, third, and fourth positions, respectively.
